Principal Accountant Rev & Energy Acct - PSEG
Newark, NJ
About the Job
Requisition : 78117
PSEG Company: PSEG Services Corp.
Salary Range : $ 101,600 - $ 160,900
Incentive : PIP 15%
Work Location Category : Remote Local
PSEG operates under a Flexible Work Model where flexible work is offered when job requirements allow. In support of this model, roles have been categorized into one of four work location categories: onsite roles, hybrid roles that are a blend of onsite and remote work, remote local roles that are primarily home-based but require some level of purpose-driven in-person interaction and living within a commutable distance, and remote non-local roles that can be effectively performed remotely with the ability to work in approved states.
PSEG offers a unique experience to our more than 12,000 employees – we provide the resources and opportunities for career development that come with being a Fortune 500 company, as well as the attention, camaraderie and care for one another you might typically associate with a small business. Our focus on combatting climate change through clean energy technology, our new net zero climate vision for 2030 and enhanced commitment to diversity, equity and inclusion; and supporting the communities we serve make this a particularly exciting time to join PSEG.
Job Summary
Position will support the management of PSE&G’s multi-billion revenue and energy accounting process.
The Principal Accountant has responsibility for supporting all accounting and reporting for PSE&G’s revenues, energy costs and regulatory deferral programs and related regulatory accounting matters.
Responsibility of supporting the monthly book closing by: implementing the appropriate accounting resulting from Regulatory Orders and new business transactions, planning staff's workload and approving their products, partnering and troubleshooting with PSE&G & Service Company Departments to ensure the source documentation and financial outputs are accurate. This position reports to the Manager - PSE&G Revenue and Energy Accounting which requires effective communication to ensure accurate and timely monthly financial results under tight deadlines.
Works closely with other PSE&G Accounting groups and ASD functions as well as Utility Finance, Utility Rates, Customer Operations and PSE&G Business Operations, etc. to manage the most efficient and effective process for accounting and reporting ensuring source financial data and outputs are accurate and reported timely.
Responsibility for supporting the implementation of the appropriate accounting resulting from Regulatory
Orders and new business transactions; managing the monthly recording of activities, responding to requests for testimony and discovery for various regulatory program filings.
The Principal Accountant will support the review of current processes and new proposed programs and recommend modifications and system enhancements where necessary to provide both accuracy and efficiency in the overall process.
Job Responsibilities
+ • Support the management of PSE&G’s revenue accounting processes. Support the monthly book closing by organizing, reviewing and approving staff’s work. Understand new regulatory and business developments in order to record transactions properly on the Company’s books and reporting properly in the Company’s 10K/10Q (GAAP) as well as FERC (regulatory basis) financial statements.• Support the management of PSE&G’s electric and gas default energy customer supply accounting process. Support the monthly book closing by organizing, reviewing and approving staff’s work. Understand new regulatory and business developments in order to record the transaction properly on the Company’s books and reporting properly in the Company’s 10K/10Q and FERC financial statements.• Support the management of PSE&G’s regulatory deferral process. Support the monthly book closing by organizing, reviewing and approving staff’s work. Understand new regulatory and business developments in order to record the transaction properly on the Company’s books and reporting properly in the Company’s 10K/10Q and FERC financial statements.• Support the management and review of processes and systems to drive efficiency and accuracy in support of accounting, regulatory and management reporting.• Significant contributor to the external and internal reporting process by approving the staff’s analytic schedules that form the basis of the revenue and energy financial statement footnotes and MD&A in the Company’s 10K/10Q and various schedules.• Responses to interrogatories related to accounting information and analysis that supports regulatory filings. Manage accounting information required for regulatory planning and filings, preparing and reviewing expert testimony, responding to discovery requests, planning and accounting analysis of key regulatory initiatives and solutions and ad-hoc analysis and research.• Review regulatory orders for accounting impact and issue accounting memos as necessary.• The Principal Accountant meets regularly with the Manager – PSE&G Revenue and Energy Accounting to discuss issues, significant or new transactions and to provide a status update of the department’s operations.• The position will be expected to assist in the development of a high performing team and must actively coach and provide feedback to team members to provide ongoing growth and improvement.
Job Specific Qualifications
Required Skills, Competencies, Education and Experience:
• Bachelor degree in Accounting or Finance or related field.
• Minimum of 5 years of relevant accounting experience.
• Excellent written and verbal communication skills and ability to effectively articulate and present to management and others within the organization, as well as external regulatory stakeholders such as BPU staff, Rate Counsel, etc.
• Advanced Excel skills utilizing V-lookup and pivot tables and advanced formulas.
• Demonstrated ability to work independently, accomplish tasks and resolve issues with a sense of urgency under tight timelines.
Desired Skills, Competencies, Education and Experience:
• Utility accounting knowledge.
• CPA and/or advanced degree.
• SAP experience in financial statement preparation and analysis.
• Blackline experience in account reconciliation and journal entry review
• Project Management experience.
Minimum Years of Experience
Education
Certifications
Disclaimer
Certain positions at the Company may require you to have access to Part 810-Controlled Information. Under the law, the Company is limited in who it can share this information with and in certain circumstances it is necessary to obtain specific authorization before the Company can share this information. Accordingly, if the position does require access to this information, you must complete a 10 CFR Part 810 Export Control Compliance Nationality Request Form, a copy of which will be provided to you by Talent Acquisition if an offer is made. If there is a need for specific authorization, due to the time it takes to obtain authorization from the government, we will likely not be able to further proceed with an offer.
PSEG is an equal opportunity employer, dedicated to a policy of non-discrimination in employment, including the hiring process, based on any legally protected characteristic. Legally protected characteristics include race, color, religion, national origin, sex, age, marital status, sexual orientation, disability or veteran status or any other characteristic protected by federal, state, or local law in locations where PSEG employs individuals.
As an employee of PSEG you should be aware that during storm restoration efforts, you may be required to perform functions outside of your routine duties and on a schedule that may be different from normal operations.
For all roles, PSEG’s drug and alcohol testing program includes pre-employment testing, testing for cause, and post-incident/accident testing. For employees in federally regulated roles (including positions covered by USDOT, PHMSA, or NRC regulations), this also includes random testing. Although numerous states throughout the country have legalized marijuana/cannabis products recreationally and/or medically, it is prohibited for employees in federally regulated roles. Employees who are hired or transfer into a federally regulated role are subject to drug and alcohol testing, inclusive of marijuana. Please note that the use of CBD products may result in a positive drug test for THC/Marijuana and such use is not a legitimate medical explanation for such a positive result.
PSEG employees must apply for jobs internally through emPower which can be accessed through sharepoint.pseg.com (https://sharepoint.pseg.com/Pages/Home.aspx) by clicking on the emPower icon, then selecting careers. This site (PSEG Careers and Job Openings (https://corporate.pseg.com/careers) ) is strictly for candidates who are not currently PSEG employees, with the exception of PSEG employees who do not have company email addresses.
PSEG is committed to providing reasonable accommodations to individuals with disabilities. If you have a disability and need assistance applying for a position, please call 973-430-3845 or email accommodations@pseg.com.
If you need to request a reasonable accommodation to perform the essential functions of the job, email accommodations@pseg.com . Any information provided regarding a disability will be kept strictly confidential and will not be shared with anyone involved in making a hiring decision.
ADDITIONAL EEO/AA INFORMATION _(Click link below)_
Know your Rights: Workplace Discrimination is Illegal (https://www.eeoc.gov/sites/default/files/2022-10/22-088_EEOC_KnowYourRights_10_20.pdf)
Pay Transparency Nondiscrimination Provision
Diversity at PSEG: Equal Opportunity Employer
PSEG is an equal employment opportunity employer and makes employment decisions, including but not limited to, hiring, firing, promotion, demotion, training, and/or compensation, on the basis of merit. Employment decisions are based on an individual’s qualifications as they relate to the job under consideration. PSEG's policy prohibits unlawful discrimination based on sex (which includes pregnancy, childbirth, breastfeeding, or related medical conditions, the actual sex of the individual, or the gender identity or gender expression), race, color, religion, including religious dress practices and religious grooming practices, sexual orientation, national origin, ancestry, citizenship, marital status, familial status, age, physical disability, mental disability, medical condition, genetic information, protected veteran or military status, or any other consideration made unlawful by federal, state or local laws, ordinances, or regulations.
Need to request an accommodation?
If you have a disability and need assistance submitting your resume, applying for a position or registering for a test, please call 973-430-3845. Any information provided regarding a disability will be kept strictly confidential and will not be shared with anyone involved in making a hiring decision.
PSEG is committed to complying with all applicable laws providing equal employment opportunities. This commitment applies to all persons involved in the operations of the Company and prohibits unlawful discrimination by any employee of the Company, including supervisors and co-workers.
PSEG Company: PSEG Services Corp.
Salary Range : $ 101,600 - $ 160,900
Incentive : PIP 15%
Work Location Category : Remote Local
PSEG operates under a Flexible Work Model where flexible work is offered when job requirements allow. In support of this model, roles have been categorized into one of four work location categories: onsite roles, hybrid roles that are a blend of onsite and remote work, remote local roles that are primarily home-based but require some level of purpose-driven in-person interaction and living within a commutable distance, and remote non-local roles that can be effectively performed remotely with the ability to work in approved states.
PSEG offers a unique experience to our more than 12,000 employees – we provide the resources and opportunities for career development that come with being a Fortune 500 company, as well as the attention, camaraderie and care for one another you might typically associate with a small business. Our focus on combatting climate change through clean energy technology, our new net zero climate vision for 2030 and enhanced commitment to diversity, equity and inclusion; and supporting the communities we serve make this a particularly exciting time to join PSEG.
Job Summary
Position will support the management of PSE&G’s multi-billion revenue and energy accounting process.
The Principal Accountant has responsibility for supporting all accounting and reporting for PSE&G’s revenues, energy costs and regulatory deferral programs and related regulatory accounting matters.
Responsibility of supporting the monthly book closing by: implementing the appropriate accounting resulting from Regulatory Orders and new business transactions, planning staff's workload and approving their products, partnering and troubleshooting with PSE&G & Service Company Departments to ensure the source documentation and financial outputs are accurate. This position reports to the Manager - PSE&G Revenue and Energy Accounting which requires effective communication to ensure accurate and timely monthly financial results under tight deadlines.
Works closely with other PSE&G Accounting groups and ASD functions as well as Utility Finance, Utility Rates, Customer Operations and PSE&G Business Operations, etc. to manage the most efficient and effective process for accounting and reporting ensuring source financial data and outputs are accurate and reported timely.
Responsibility for supporting the implementation of the appropriate accounting resulting from Regulatory
Orders and new business transactions; managing the monthly recording of activities, responding to requests for testimony and discovery for various regulatory program filings.
The Principal Accountant will support the review of current processes and new proposed programs and recommend modifications and system enhancements where necessary to provide both accuracy and efficiency in the overall process.
Job Responsibilities
+ • Support the management of PSE&G’s revenue accounting processes. Support the monthly book closing by organizing, reviewing and approving staff’s work. Understand new regulatory and business developments in order to record transactions properly on the Company’s books and reporting properly in the Company’s 10K/10Q (GAAP) as well as FERC (regulatory basis) financial statements.• Support the management of PSE&G’s electric and gas default energy customer supply accounting process. Support the monthly book closing by organizing, reviewing and approving staff’s work. Understand new regulatory and business developments in order to record the transaction properly on the Company’s books and reporting properly in the Company’s 10K/10Q and FERC financial statements.• Support the management of PSE&G’s regulatory deferral process. Support the monthly book closing by organizing, reviewing and approving staff’s work. Understand new regulatory and business developments in order to record the transaction properly on the Company’s books and reporting properly in the Company’s 10K/10Q and FERC financial statements.• Support the management and review of processes and systems to drive efficiency and accuracy in support of accounting, regulatory and management reporting.• Significant contributor to the external and internal reporting process by approving the staff’s analytic schedules that form the basis of the revenue and energy financial statement footnotes and MD&A in the Company’s 10K/10Q and various schedules.• Responses to interrogatories related to accounting information and analysis that supports regulatory filings. Manage accounting information required for regulatory planning and filings, preparing and reviewing expert testimony, responding to discovery requests, planning and accounting analysis of key regulatory initiatives and solutions and ad-hoc analysis and research.• Review regulatory orders for accounting impact and issue accounting memos as necessary.• The Principal Accountant meets regularly with the Manager – PSE&G Revenue and Energy Accounting to discuss issues, significant or new transactions and to provide a status update of the department’s operations.• The position will be expected to assist in the development of a high performing team and must actively coach and provide feedback to team members to provide ongoing growth and improvement.
Job Specific Qualifications
Required Skills, Competencies, Education and Experience:
• Bachelor degree in Accounting or Finance or related field.
• Minimum of 5 years of relevant accounting experience.
• Excellent written and verbal communication skills and ability to effectively articulate and present to management and others within the organization, as well as external regulatory stakeholders such as BPU staff, Rate Counsel, etc.
• Advanced Excel skills utilizing V-lookup and pivot tables and advanced formulas.
• Demonstrated ability to work independently, accomplish tasks and resolve issues with a sense of urgency under tight timelines.
Desired Skills, Competencies, Education and Experience:
• Utility accounting knowledge.
• CPA and/or advanced degree.
• SAP experience in financial statement preparation and analysis.
• Blackline experience in account reconciliation and journal entry review
• Project Management experience.
Minimum Years of Experience
Education
Certifications
Disclaimer
Certain positions at the Company may require you to have access to Part 810-Controlled Information. Under the law, the Company is limited in who it can share this information with and in certain circumstances it is necessary to obtain specific authorization before the Company can share this information. Accordingly, if the position does require access to this information, you must complete a 10 CFR Part 810 Export Control Compliance Nationality Request Form, a copy of which will be provided to you by Talent Acquisition if an offer is made. If there is a need for specific authorization, due to the time it takes to obtain authorization from the government, we will likely not be able to further proceed with an offer.
PSEG is an equal opportunity employer, dedicated to a policy of non-discrimination in employment, including the hiring process, based on any legally protected characteristic. Legally protected characteristics include race, color, religion, national origin, sex, age, marital status, sexual orientation, disability or veteran status or any other characteristic protected by federal, state, or local law in locations where PSEG employs individuals.
As an employee of PSEG you should be aware that during storm restoration efforts, you may be required to perform functions outside of your routine duties and on a schedule that may be different from normal operations.
For all roles, PSEG’s drug and alcohol testing program includes pre-employment testing, testing for cause, and post-incident/accident testing. For employees in federally regulated roles (including positions covered by USDOT, PHMSA, or NRC regulations), this also includes random testing. Although numerous states throughout the country have legalized marijuana/cannabis products recreationally and/or medically, it is prohibited for employees in federally regulated roles. Employees who are hired or transfer into a federally regulated role are subject to drug and alcohol testing, inclusive of marijuana. Please note that the use of CBD products may result in a positive drug test for THC/Marijuana and such use is not a legitimate medical explanation for such a positive result.
PSEG employees must apply for jobs internally through emPower which can be accessed through sharepoint.pseg.com (https://sharepoint.pseg.com/Pages/Home.aspx) by clicking on the emPower icon, then selecting careers. This site (PSEG Careers and Job Openings (https://corporate.pseg.com/careers) ) is strictly for candidates who are not currently PSEG employees, with the exception of PSEG employees who do not have company email addresses.
PSEG is committed to providing reasonable accommodations to individuals with disabilities. If you have a disability and need assistance applying for a position, please call 973-430-3845 or email accommodations@pseg.com.
If you need to request a reasonable accommodation to perform the essential functions of the job, email accommodations@pseg.com . Any information provided regarding a disability will be kept strictly confidential and will not be shared with anyone involved in making a hiring decision.
ADDITIONAL EEO/AA INFORMATION _(Click link below)_
Know your Rights: Workplace Discrimination is Illegal (https://www.eeoc.gov/sites/default/files/2022-10/22-088_EEOC_KnowYourRights_10_20.pdf)
Pay Transparency Nondiscrimination Provision
Diversity at PSEG: Equal Opportunity Employer
PSEG is an equal employment opportunity employer and makes employment decisions, including but not limited to, hiring, firing, promotion, demotion, training, and/or compensation, on the basis of merit. Employment decisions are based on an individual’s qualifications as they relate to the job under consideration. PSEG's policy prohibits unlawful discrimination based on sex (which includes pregnancy, childbirth, breastfeeding, or related medical conditions, the actual sex of the individual, or the gender identity or gender expression), race, color, religion, including religious dress practices and religious grooming practices, sexual orientation, national origin, ancestry, citizenship, marital status, familial status, age, physical disability, mental disability, medical condition, genetic information, protected veteran or military status, or any other consideration made unlawful by federal, state or local laws, ordinances, or regulations.
Need to request an accommodation?
If you have a disability and need assistance submitting your resume, applying for a position or registering for a test, please call 973-430-3845. Any information provided regarding a disability will be kept strictly confidential and will not be shared with anyone involved in making a hiring decision.
PSEG is committed to complying with all applicable laws providing equal employment opportunities. This commitment applies to all persons involved in the operations of the Company and prohibits unlawful discrimination by any employee of the Company, including supervisors and co-workers.
Source : PSEG